Annual Technical Report Exploration Licence 33449 for the period 18 August 2023 to 17 August 2024

Abstract

This report describes exploration activities conducted over EL 33449 during the reporting period from 18 August 2023 to 17 August 2024. EL 33449 is located approximately 230 km NNW of Alice Springs. The title is considered to be prospective for deposits of intrusion-related REE, phosphorus, tungsten and tin. WGR considers that the title has the potential to host carbonatite-hosted REEs similar to Arafura's nearby Nolans deposit. Exploration activities during the reporting period comprised compilation of open file data and purchase of satellite imagery. During the upcoming reporting period the Company intends to conduct geological reconnaissance, surface sampling and mapping over target areas. Remote sensing (satellite), geophysical survey and drilling are being considered.